How IRA's Section 45X Is Revolutionizing Domestic Electric Vehicle Production

15 Jun 2023 | Abstracted from Inside EVs

"...Section 45X, or the Advanced Manufacturing Production Credit that's aimed to attract more investment in domestic electric vehicle production...Under Section 45X, the US government offers several tax credits for the local production of solar and wind components, battery cells, modules, and critical minerals.

"Another report indicated that the IRA incentives have contributed to the rise of North America as the fastest-growing battery hub in the world."

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